on a basic and diluted basis

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Answers

"Fully Diluted Shares" means the aggregate of (i) the number of
shares of Common Stock issued and outstanding (other than shares of
Common Stock held in the treasury of the Company or held by any
Subsidiary) and (ii) the number of shares of Common Stock issuable upon
(x) the exercise of any then exercisable in-the-money outstanding
options, warrants or similar instruments (other than such instruments
held by the Company or any Subsidiary) and (y) the exercise of any then
exercisable conversion or exchange rights with respect to any
outstanding securities or instruments (other than such securities or
instruments held by the Company or any Subsidiary).http://contracts.corporate.findlaw.com/agreements/westernmul...